At Abu Dhabi Finance Week, Binance and Circle Partner to Expand USDC Adoption, Challenging Tether

Dec 11, 2024, 06:36 AM

At Abu Dhabi Finance Week, Binance, the world's largest cryptocurrency exchange, announced a strategic partnership with Circle, the issuer of the USDC stablecoin, to accelerate global adoption of USDC and digital assets. Binance will integrate USDC across its products and services, offering more trading pairs and promotions, and will adopt USDC for its corporate treasury operations. Circle's CEO Jeremy Allaire and Binance executive Richard Teng revealed the partnership on stage, signaling a joint effort to enhance the availability and utility of USDC in global finance. The move is seen as a challenge to rival stablecoin Tether, as Binance and Circle aim to expand the global digital assets ecosystem.